Calhfa rates Meaning and Definition
Calhfa rates
Pronunciation
/ˈkælfa ˈreɪts/
Part of Speech
Noun
Definition
A type of mortgage insurance rate offered by the California Housing Finance Agency (CalHFA), which provides financing options to homebuyers.
Examples
- The couple used Calhfa rates to secure a mortgage for their new home.
Synonyms
- Mortgage insurance rate
Etymology
The term Calhfa rates originated from the California Housing Finance Agency, which was established in 1979 to provide affordable housing options to Californians.
Usage Notes
Calhfa rates are primarily used in the context of mortgages and homebuying in California. They are particularly useful for first-time homebuyers and low-to-moderate-income households.
Cultural References
Calhfa rates have been mentioned in several real estate publications and blogs, highlighting their importance in the California housing market.
Idiomatic Expressions or Phrases
- “Calhfa rates are a game-changer for first-time homebuyers.”
Related Words or Phrases
- Mortgage insurance
- Homebuying
- California housing market
Collocations
- Calhfa rates and mortgage insurance
- Calhfa rates and homebuying process
- Calhfa rates and California real estate market
Frequency of Use
Calhfa rates are relatively rare in everyday conversation, but they are widely discussed in the real estate and mortgage industries.
Common Misspellings
- Califa rates
- Calhafa rates
- Califa rate